/ Press Release

EFT network will partner with Acculynk to test secure Internet PIN debit service Des Moines, IA, July 28, 2009 – SHAZAM, an innovator of electronic funds transfer (EFT) services for 33 years, has agreed to test Acculynk’s PaySecure Internet PIN debit service. SHAZAM will conduct a pilot program where interested SHAZAM financial institutions can participate in testing the latest in Internet PIN debit technology. The pilot program will help gauge...

/ Technology

The secure online payment system from NACHA, which oversees the automated clearinghouse network, has launched with its first retailer client, iGourmet.com, and signed on Fidelity National Information Services as its first technology partner.

The secure online payment system from NACHA, which oversees the automated clearinghouse network, has launched with its first retailer client, iGourmet.com, and signed on Fidelity National Information Services as its first technology partner.

It’s no secret that e-retailers are actively looking to add alternative forms of payment to their sites to expand their base of customers and reduce their payment acceptance costs. One of the more economical payment forms attracting the attention of e-retailers are e-checks, for which retailers pay a flat rate of about 55 cents compared to a percentage of the transaction, plus a transaction fee, for credit cards.Besides lower acceptance costs,...

It’s no secret that e-retailers are actively looking to add alternative forms of payment to their sites to expand their base of customers and reduce their payment acceptance costs. One of the more economical payment forms attracting the attention of e-retailers are e-checks, for which retailers…